FIGG vs. MUU

Last updated Jun 25, 2026

FIGG (Leverage Shares 2X Long FIG Daily ETF) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds. FIGG is actively managed, while MUU is passively managed. A 0.66 correlation means they provide meaningful diversification when combined. FIGG charges 0.75%/yr vs 1.01%/yr for MUU.

Performance

FIGG vs. MUU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long FIG Daily ETF (FIGG) and Direxion Daily MU Bull 2X Shares (MUU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FIGG

• 1D: -4.64%
• 1M: -36.92%
• YTD: -83.11%
• 6M: -84.40%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUU

• 1D: -0.64%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FIGG vs. MUU - Yearly Performance Comparison

	2026 (YTD)
FIGG Leverage Shares 2X Long FIG Daily ETF	0.72%
MUU Direxion Daily MU Bull 2X Shares	-12.53%

Correlation

The correlation between FIGG and MUU is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 16, 2026	0.66

Return for Risk

FIGG vs. MUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long FIG Daily ETF (FIGG) and Direxion Daily MU Bull 2X Shares (MUU). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

FIGG vs. MUU - Drawdown Comparison

The maximum FIGG drawdown since its inception was -95.11%, which is greater than MUU's maximum drawdown of -26.63%. Use the drawdown chart below to compare losses from any high point for FIGG and MUU.

Drawdown Indicators

	FIGG	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-95.11%	-26.63%	-68.48%
Current Drawdown Current decline from peak	-94.74%	-26.63%	-68.11%
Average Drawdown Average peak-to-trough decline	-78.00%	-12.91%	-65.09%

Volatility

Volatility by Period

	FIGG	MUU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	143.49%	263.57%	-120.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	143.49%	263.57%	-120.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	143.49%	263.57%	-120.08%

FIGG vs. MUU - Expense Ratio Comparison

FIGG has a 0.75% expense ratio, which is lower than MUU's 1.01% expense ratio.

Dividends

FIGG vs. MUU - Dividend Comparison

FIGG has not paid dividends to shareholders, while MUU's dividend yield for the trailing twelve months is around 0.23%.

Position	TTM
FIGG Leverage Shares 2X Long FIG Daily ETF	0.00%
MUU Direxion Daily MU Bull 2X Shares	0.23%

Frequently Asked Questions

Can I hold both FIGG and MUU in my portfolio?

FIGG and MUU have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FIGG or MUU?

On fees, FIGG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FIGG or MUU?

FIGG is cheaper with a 0.75% expense ratio, compared with 1.01% for MUU.

Which ETF pays a higher dividend yield, FIGG or MUU?

MUU has the higher dividend yield at 0.23%, compared with 0.00% for FIGG.

What is the main difference between FIGG and MUU?

They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for FIGG and 1.01% for MUU.